BCIE Banco Centroamericano de Integración : CABEI returns to the Hong Kong market with bond issue of HKD400 million

26.01.2017

CABEI diversifies its financing sources to contribute to the wellbeing of Central Americans.

Tegucigalpa, January 26, 2017. - The Central American Bank for Economic Integration (CABEI) issued its third bond in the Hong Kong capital market, reaffirming the confidence of the Institution's investors in Asia.
The issue carries a coupon of 3.27% in Hong Kong dollars (HKD) for an amount of 400 million (equivalent to US$51 million) with a 7-year term.
This is CABEI's third venture in the Hong Kong market, subsequent to its 2013 bond placement in Offshore Chinese Renminbi (CNH) and to its first venture in this market in 2006; the latter in Hong Kong dollars (HKD). Through its venture in 2006, CABEI became the first issuer in Latin America to place bonds in such market.
Relevance and soundness
CABEI Executive President Dr. Nick Rischbieth stated that, 'CABEI continues to expand its presence in international markets in order to attract competitive resources for the development of Central America.'
Dr. Rischbieth also highlighted that, 'During last year, the Bank's improved credit rating and solid financial performance enabled it to execute 13 transactions in international capital markets.'
CABEI placements throughout the last 10 years total approximately US$7.10 billion, which translate into investment for regional sustainable development, productivity and economic integration projects. CABEI promotes the region's development and is the most important source of multilateral financing for its member countries.

Category: News